SOTS 2nd Hour: Software Slump, & Washington's Affordability Push - Energy & The Autos w/Transportation Sec. Duffy 1/16/26

Squawk on the Street

CNBC

Business, Investing, News

4.1 • 567 Ratings

🗓️ 16 January 2026

⏱️ 47 minutes

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Summary

Sara Eisen & David Faber kicked off the hour with a look at consumer affordability ahead of some key White House events today around the topic - before breaking down the market picture with Trivariate's Adam Parker, along with one tech analyst who says investor sentiment hasn't been this negative on software in a decade. Plus: alternative energy stocks jumping as a key group reportedly meets at the White House today to talk about AI power - hear the latest reporting, this hour... and a deep-dive on the Administration's newest push on auto affordability in a wide-ranging all-star interview you don't want to miss with Transportation Sec. Sean Duffy, the head of the EPA Lee Zeldin, and USTR's Jamieson Greer. Squawk on the Street Disclaimer

Transcript

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0:00.0	Good Friday morning. Welcome to Spock on the street. I'm Sarah Eisen with David Faber. We are live, as always, from post-9 of the New York Stock Exchange. Carl has the morning off. Today, a can't miss interview with three principal players from the Trump administration working on auto affordability right now.
0:20.7	Transportation Secretary Sean Duffy, EPA administrator Lee Zeldin, and U.S. Trade players from the Trump administration working on auto affordability right now. Transportation
0:21.2	Secretary Sean Duffy, EPA administrator Lee Zeldin, and U.S. trade representative Jameson Greer.
0:27.0	Plus, software stocks wrapping up a rough week of trading as fears grow about the impact of AI on
0:32.5	their legacy business. We'll talk to an analyst who says he hasn't seen investor sentiment this
0:36.7	negative on software in a decade.
0:39.3	First of all, let's get some housing data just crossing, and Rick Santelli has it for us. Rick.
0:44.2	Yes, David, this is National Association's Home Builders Housing Market Index.
0:48.8	Above 50, things are pretty good.
0:51.0	Below 50, things are less good.
0:53.3	Maybe on the poor side.
0:55.0	This number comes in below 40, 37.
0:58.0	37, we're expecting 40.
1:00.0	In the rear view mirror, we have 39.
1:02.0	37 will equal where we were in October of last year
1:05.0	to find a lower number.
1:07.0	You'd have to go to September when it was 32. In addition, this is the 21st number
1:15.2	that has a thumbs down, under 50. 21st. Obviously, that means all last year didn't have anything
1:21.9	above 50. The last above 50 was May and April of 2024. So in 2025, nothing above 50. When was the last time we had that?
1:32.4	2012. So hopefully 2026 will be a better year, but being a January number, we're certainly not
1:39.2	starting off. Very strong. Sarah, back to you. Okay, thank you, Rick. Rick Santelli. The topic to Jure is
1:47.1	affordability. On Wall Street at the White House, we know that the president has been rolling out
	...

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